Hello! I purchased a new vehicle in September and I cannot find where to input information about it (Cost, Sales Tax, etc.) Where do I input this information? Thank you!

cmsully23 — Sat, 01 Jun 2019 03:12:53 GMT

It depends on what you're using it for. If you're using...

CherylW — Sat, 01 Jun 2019 03:12:55 GMT

It depends on what you're using it for.

If you're using it as a business expense, then you take the mileage on Schedule C. You claim that by going to Business Expenses>Business Vehicle Expenses on your Business tab.

If you're using it as a car to check on rental properties, you take it as a deduction on Schedule E. Go to Rental Properties and Royalties>Vehicle Expenses on your Business tab.

If you're taking off sales tax paid on a new car, you take it as a deduction on Schedule A. Go to Deductions & Credits>Estimates and Other Taxes Paid>Sales Tax.

If you're taking off the registration fee, you take it as a deduction on Schedule A. Go to Deductions & Credits>Cars and Other Things you Own>Car Registration Fees. Depending on the state in which you live, you may or may not be able to deduct it.

This was perfect and exactly what I was looking for! Than...

cmsully23 — Sat, 01 Jun 2019 03:12:56 GMT

This was perfect and exactly what I was looking for! Thank you Cheryl W !

topic Hello! I purchased a new vehicle in September and I cannot find where to input information about it (Cost, Sales Tax, etc.) Where do I input this information? Thank you! in Deductions & credits

Hello! I purchased a new vehicle in September and I cannot find where to input information about it (Cost, Sales Tax, etc.) Where do I input this information? Thank you!

It depends on what you're using it for. If you're using...

This was perfect and exactly what I was looking for! Than...